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Technology Stocks : Semi Equipment Analysis
SOXX 270.83+1.0%Nov 21 4:00 PM EST

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To: Gottfried who wrote (3961)7/13/2002 4:20:56 PM
From: Return to Sender  Read Replies (1) of 95463
 
I don't think anyone can clearly forecast the future even with all the experience you might have acquired at the age of 88.

This includes me of course although I might change my mind when I am 88.<gg>

I do believe the market can clearly go lower than it has done so far. If we are hit by a depression then the Dow and NASDAQ are going much, much, lower.

The other day I ran through a couple of weeks worth of expected earnings at Briefing.com. What I saw was an eye opener for me. Although there have not been as many warnings as the true bears would like us to believe the numbers for semiconductor related companies are not going to be high enough to support the P/E's (or lack of P/E's) of the stocks in question.

This will be especially true if more evidence of a double dip recession or God forbid an actual depression come about.

Check out the earnings calendar to see what I mean:

briefing.com

Valuations are still too high in my opinion.

RtS
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